Current Competition
Last updated
Last updated
Welcome to the LeverageX Trading Competition on Base, the first major event of 2025! With a total prize pool of 10,000 USDC, this competition is your chance to showcase your trading skills, join an engaging community, and win exciting rewards.
Onboarding Period: Begins on Tuesday, January 7th, 2025. During this phase, traders can set up their profiles and join or create communities. Trades during this period will not count toward the competition.
Competition Period:
Start: Wednesday, January 8th, 2025, 10:00 AM (UTC)
End: Sunday, January 28th, 2025, 11:59 PM (UTC) Trades have to be closed before end date to count for the trading competition.
To join the competition and qualify for the prize pool, follow these steps:
Visit LeverageX Trading Competition Page.
Connect your wallet (e.g. MetaMask) with Base Mainnet and create a trader profile. Learn more how to create a trading profile. Note: Even if you participated in the previous Testnet competition, you must create a new profile to qualify for this event.
Join an Existing Community: Align with a community to compete for the Community Volume Prize.
Create a Community: Found your own community and rally traders to join you.
If you don’t wish to join a community, you can still compete as an individual trader in the Single Trader categories. Learn more how to create a community.
⚠️ Important: It will not be possible to join or switch communities in the last 7 days of the competition (starting January 21st, 2025). This ensures fair play and rewards long-term community participation.
Read below for all information about the 10,000 USDC price pool.
The total prize pool of 10,000 USDC is divided into two categories:
Communities compete based on the total trading volume generated by their members.
Total Prize Pool: 3,000 USDC
Distribution:
1st Place: 2,000 USDC
2nd Place: 800 USDC
3rd Place: 200 USDC
The prize pool for the winning communities will be distributed based on each eligible trader’s contribution to the community’s total trading volume.
Volume-Based Allocation:
The prize pool is divided proportionally according to each trader’s percentage of the total community volume.
For example, if a trader generates 25% of the total trading volume within their community, they receive 25% of the prize pool.
Formula for Calculation:
Trader’s Reward = (Trader’s Volume / Community Total Volume) x Community Prize Pool
To qualify for a share of the community prize pool: Only traders who generate at least 5,000 Dollars in trading volume during the competition period are eligible.
How Trading Volume is Calculated: Trading volume includes the effect of leverage. For example, a trade with 100 Dollars and 50x leverage generates 5,000 Dollars in volume.
Individual traders compete in multiple categories with a total of $7,000 USDC distributed as follows:
Rewards for the top three traders with the highest overall trading volume (regardless of asset classes).
Total Prize Pool: 2,500 USDC
1st Place: 1,750 USDC
2nd Place: 600 USDC
3rd Place: 150 USDC
The Profit & Loss (P&L) Leaders category rewards the top three traders with the highest calculated Profit Score during the competition. The Profit Score is designed to fairly assess trader performance by considering absolute profits, percentage profits, and trading activity.
Total Prize Pool: 1,500 USDC
1st Place: 1,000 USDC
2nd Place: 400 USDC
3rd Place: 100 USDC
Profit Score Formula
Profit Score = (P&L in $ * 0.2) + (P&L in % * 0.5) + (Number of Trades * 0.3)
Key Components
1. P&L in $
Reflects the absolute profit or loss achieved by the trader during the competition. Weighted at 20% in the final score.
2. P&L in %
Accounts for the relative profit or loss as a percentage of the initial trading balance. This ensures fairness across traders with different starting balances. Weighted at 50%.
3. Number of Trades
Recognizes the trader’s activity and consistency during the competition. Weighted at 30%.
Rewards for the top three traders with the highest trading volume of Forex trades.
Total Prize Pool: 1,000 USDC
1st Place: 750 USDC
2nd Place: 200 USDC
3rd Place: 50 USDC
Rewards for the top three traders with the highest trading volume of Commodity trades.
Total Prize Pool: 1,000 USDC
1st Place: 750 USDC
2nd Place: 200 USDC
3rd Place: 50 USDC
A special prize of 1,000 USDC will be awarded to one randomly selected trader who participated in the competition but did not place in any of the above categories.
Only trades made after creating a profile on the LeverageX Competition Page will count.
All trades must be executed using real funds. Test funds or demo trades will not be eligible for the prize pool.
Traders can join or create a community anytime during the competition, but community selection will be locked 7 days before the end of the competition (January 21st, 2025).
How to Create a Profile: Create Profile
How to Join or Create a Community: Create Community
Whether you’re a seasoned trader or just starting, this competition offers opportunities for everyone to shine. Take part, test your skills, and aim for your share of the 10,000 USDC prize pool!
Let the trading begin! 🚀
